At the End of 2011, Gilley Company Implemented a New

question 15

Multiple Choice

At the end of 2011, Gilley Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase.Now, at the end of 2012, the president of the company wants an assessment of the changes on the company's productivity.The data needed for the assessment are as follows:
-What is the total change in profits from 2011 to 2012?

• A) $33,300
• B) $180,000
• C) $60,000
• D) $243,300

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Definitions:

GI Bill

A law that provided a range of benefits for returning World War II veterans (commonly referred to as GIs), including low-cost mortgages, loans to start a business or farm, and tuition and living expenses to attend college or vocational school.

Mass Production

The large-scale manufacturing of goods through standardized processes, allowing for the efficient production of large quantities of identical items.

Age-sex Pyramid

A graphical representation of the age and sex distribution of a population, typically a bar graph, which provides insights into demographic trends and potential social and economic impacts.

Birthrate

A measure of fertility, usually expressed as the number of births per 1,000 people in a population in a given year.